#None #Pomerantz LLP #Smartsheet Inc. #Blackstone Inc.

Pomerantz Law Firm Files Class Action Against Smartsheet Inc.

On January 22, 2026, the Pomerantz Law Firm announced its involvement in a significant class action lawsuit against Smartsheet Inc. (NYSE: SMAR), a company specializing in collaborative work management software. The lawsuit centers around claims that Smartsheet and certain executives engaged in deceptive practices involving securities during a recent merger, which has raised considerable concerns among investors.

Background of the Lawsuit

The class action arises from allegations that Smartsheet misled investors prior to a merger involving investment funds managed by Blackstone Inc., Vista Equity Partners, and Platinum Falcon, a wholly-owned subsidiary of the Abu Dhabi Investment Authority. The lawsuit claims that, in an effort to secure shareholder approval for the merger, Smartsheet presented false and misleading information through a Schedule 14A Proxy statement filed with the U.S. Securities and Exchange Commission.

Specifically, this complaint asserts that the Proxy mischaracterized Smartsheet's financial performance during a critical period leading up to the merger. Allegations include the intentional misrepresentation of the company's earnings and performance metrics that were engineered to secure favorable opinions from shareholders.

Key Allegations

The central issue outlined in the lawsuit indicates that the misleading Proxy contributed directly to obtaining shareholder approval for the merger at a per-share compensation deemed inadequate. Investors were misled into believing in the company’s robust financial trajectory when, in fact, the quarterly earnings were spun negatively to influence the decision on the merger approval process. As a direct consequence, shareholders were led to approve a merger consideration of $56.50 per share, amid projections that suggested the share value could have been significantly higher.

Action Steps for Investors

Affected investors, specifically those who purchased or acquired shares of Smartsheet during the applicable class period, have until February 24, 2026 to file for the role of Lead Plaintiff in this lawsuit. Pomerantz LLP encourages those interested to reach out directly to their team, led by Danielle Peyton, at the firm for further details on how to participate. Interested investors are advised to provide their contact information and the number of Smartsheet shares they held to facilitate the process.

About Pomerantz LLP

Founded by the esteemed Abraham L. Pomerantz, recognized as a pioneering figure in the class action litigation domain, Pomerantz LLP has established itself as a leading advocate for victims of securities fraud and corporate misconduct. The firm prides itself on its long-standing commitment to achieving justice and securing compensation for its clients, with historical recovery of substantial damages awarded to class members.

As the legal landscape surrounding corporate governance and shareholder rights continues to evolve, the Smartsheet case highlights the critical importance of transparency and integrity in securities transactions, underlining the role legal professionals play in safeguarding investor interests.

For more details on how to get involved, you can visit Pomerantz LLP's website or reach out to their offices for assistance on your potential involvement in this class action suit.

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